Property Tax Cap Information

Contrary to popular belief, the NYS property tax cap does not cap tax increases at 2%. Instead, schools must use a state formula each year to determine how much they can increase their tax levies by without having to seek a higher percentage of voter approval for the budget. This threshold may be different each year, and must be determined by the District and submitted to the state by March 1st. For 2017, Chatham’s tax cap was 1.496%.

Voting Results for May 16, 2017 Budget Vote

Voting for Chatham Central School District’s annual School Budget Vote and Board of Education Election was held May 16, 2017. The budget 2017-18 budget totals $30,836,975 and carried a projected tax levy increase of 1.3 percent, which is under the limit set by New York State’s property tax cap. The budget is up a total of $294,559, a 0.96% percent increase from the 2016-17 budget.